February 3, 2020
Hologic revenue up 4% in Q1
Photo | Courtesy of Hologic
Hologic revenues rose in the first quarter.
Hologic, the Marlborough medical device manufacturer, posted strong financial results in the first fiscal quarter, led by its surgical and diagnostics divisions.
The company’s surgical revenue increased by 10% to $119 million, the division’s highest growth rate in 11 quarters. Diagnostics revenue of $178.5 million represented a 9% increase.
Since buying a controlling interest in SuperSonic Imagine, a French ultrasound maker, SSI contributed $6.1 million of revenue in the first quarter
The board authorized an additional $500 million share repurchase authorization to begin in the third quarter.
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